Can I Get a Loan After Filing for Bankruptcy?After filing for bankruptcy, you may notice that it is difficult to get a loan. Bankruptcy can seriously hurt you credit score. It stays on your credit report for up to 10 years from the date you file. However, just because you have a bankruptcy on your record does not mean ...

Setting Financial Goals for the New YearThe New Year is upon us, Washington D.C.! As everyone decides on what their New Year's resolution is going to be, consider taking a long look at your finances. Some of the major financial goals people focus on at the beginning of a new year are personal finances, saving and ...

What Should I Do Before Filing for Bankruptcy?There is a lot to consider if you are thinking about filing for bankruptcy. The first determination you should make is that bankruptcy is the best way for you to deal with your financial problems. Bankruptcy is an incredibly valuable tool to help you dig yourself out of a ...

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[map id=”map1″ w=”375″ h=”375″ address=”Baltimore, MD” marker=”no” z=”14″] Baltimore is the largest city in Maryland and the 24th largest city in the United States. It is located along the Patapsco River, an arm of the Chesapeake Bay. The city is independent and often referred to as Baltimore City to distinguish it from Baltimore County. Baltimore had a population of 621,342 as of July 1, 2012. The Baltimore Metropolitan Area has approximately 2.7 million residents in 2010 and is the 20th largest metropolis in the country. Baltimore is the home of several professional sports teams including the Baltimore Orioles and the Baltimore Ravens. Prominent citizens of Baltimore have included writers Edgar Allan Poe and H.L. Mencken, musician James “Eubie” Blake and singer Billie Holiday. The city of Baltimore is divided into nine geographical regions: Northern, Northwestern, Northeastern, Western, Central, Eastern, Southern, Southwestern, and Southeastern, which are patrolled by the Baltimore Police Department….Read More »

According to Bethesda-ChevyChasePatch, a Bethesda woman was sentenced last month to 27 months in prison for concealing assets during her Chapter 7 bankruptcy case. Diana J. Stout, 56, was sentenced to 27 months in prison by U.S. District Judge J. Frederick Motz for making a false statement and concealing assets in a bankruptcy case, according to Patch. Stout filed for Chapter 7 bankruptcy in 2010 to liquidate her debts and distribute the proceeds to her creditors. However, during her filing, she failed to disclose that she transferred a property to her daughter in South Carolina for $1 in 2010. According to the trustee working Stout’s case, the property transfer was done to defraud creditors and Stout did not receive reasonably equivalent value for the transfer. Stout falsely claimed that her daughter had paid her $75,000 for her interest in the property after the transfer was discovered. “Stout knew that the…Read More »

According to the American Bankruptcy Institute (ABI), total bankruptcy filings in the United States decreased 12 percent in May over last year. The ABI used data provided by Epiq Systems, Inc. The ABI said in a press release that bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings declined 11 percent to 92,413 from the May 2012 consumer filing total of 104,197. “Sustained low interest rates, tighter lending standards and decreased consumer spending are assisting consumers and companies to shore up their balance sheets,” said ABI Executive Director Samuel J. Gerdano in a release. “As households and businesses remain committed to deleveraging, the number of filings will continue to decrease.” While the numbers are decreasing nationally, regionally Washington DC and Maryland have some of the highest bankruptcy rates in the country, caused by high unemployment and foreclosures. According to the Baltimore Business…Read More »

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.This Website is designed for general information only. The information present on this website should not be construed to be formal legal advice, nor the formation of a lawyer-client relationship.